Nebraska is one of the states leading the way when it comes to evaluating and improving tax incentive programs.
That's the conclusion of a Pew Charitable Trusts report released Wednesday.
The report named Nebraska one of 10 states that excel at rigorously measuring the economic and fiscal impact of their incentive programs.
Nebraska was singled out in the report for approving tax incentive evaluation legislation in 2015, then enacting additional legislation in 2016 to improve evaluators' access to complete data from the tax department.
The state did its first Legislative audit on tax incentives last year. The audit found that the cost of adding a job under the Nebraska Advantage Act ranged from $24,500 to as much as $320,000, depending on the methodology used. The audit also showed that costs for the incentive program have been higher than expected and that incentives have mostly benefited existing companies rather than new ones.